United States


  • Fed not aiming for higher inflation, Gov Stein says Thursday, 11 Oct 2012 | 11:19 AM ET

    WASHINGTON, Oct 11- The Federal Reserve wants the economy to grow more robustly but is not actively seeking higher inflation rates, Fed Board Governor Jeremy Stein said on Thursday.

  • NEW YORK, Oct 11- U.S. crude oil stocks rose last week while distillate inventories fell more sharply than forecast, government data showed on Thursday. Domestic stocks of crude rose by 1.67 million barrels in the week to Oct. 5, the Energy Information Administration reported, as imports rose.

  • Ghana court upholds seizure of Argentine ship Thursday, 11 Oct 2012 | 11:14 AM ET

    The court earlier ordered the seizure of the Argentine tall sailing ship at Tema harbor following judgments against Argentina issued by the United States District Court and supported by similar court rulings in the United Kingdom. Justice Richard Agyei-Frimpong said Thursday that Argentina had not shown why the injunction on the ship should be set aside.

  • Analyst sees uptick in metallurgical coal prices Thursday, 11 Oct 2012 | 11:12 AM ET

    NEW YORK-- Shares of coal mining companies surged Thursday and Dahlman Rose& Co. predicted that demand may be on the rise from steel manufacturers in China.

  • NEW YORK, Oct 11- U.S. seasonally adjusted commercial paper outstanding fell $10.2 billion in the week ended Oct. 10, according to data issued by the Federal Reserve on Thursday. U.S. commercial paper outstanding, not seasonally adjusted, fell $10.7 billion in the week. U.S. foreign bank commercial paper, not seasonally adjusted, rose $900 million.

  • US crude oil supplies up by 1.7 million barrels Thursday, 11 Oct 2012 | 11:10 AM ET

    NEW YORK-- The nation's crude oil supplies increased last week, the government said Wednesday. Crude supplies grew by 1.7 million barrels, or 0.5 percent, to 366.4 million barrels, which is 8.5 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

  • U.S. Treasury to sell reopened $7 bln 30-year TIPS Thursday, 11 Oct 2012 | 11:10 AM ET

    WASHINGTON, Oct 11- For details of the U.S. Treasury's auctions of reopened 30- year TIPS next week, see:. 29- year 10- month 2-3/ 4% bond reopened:.

  • TEXT-S&P assigns 'BB-' rating to NTELOS term loan Thursday, 11 Oct 2012 | 11:01 AM ET

    Our projected distressed EBITDA multiple for NTELOS is 4 x and recognizes the company's limited geographic footprint as well as the substantial, and growing reliance on a wholesale contract with Sprint Spectrum L.P. Our `BB-' corporate credit ratings on NTELOS are not affected by the refinancing.

  • YOUR MONEY-Should you buy extra insurance at work? Thursday, 11 Oct 2012 | 11:00 AM ET

    NEW YORK, Oct 11- Does an office perk count as a benefit if you pay for it yourself? Apparently so, because an increasing number of companies are using so-called voluntary benefits to bulk up workplace offerings.

  • PensionDanmark invests in infrastructure to boost returns Thursday, 11 Oct 2012 | 11:00 AM ET

    COPENHAGEN, Oct 11- PensionDanmark became the latest manager of retirement funds to branch out in the hunt for higher returns, saying it would invest 1.6 billion euros in energy infrastructure in Europe and the United States.

  • Alice Cooper kicks off South Dakota rock academy Thursday, 11 Oct 2012 | 10:59 AM ET

    SIOUX FALLS, S.D.-- To all the girls and boys, makin' all that noise: Alice Cooper has found you some new toys. The heavy metal icon was in South Dakota on Wednesday to help kick-off a 6,000- square-foot rock `n' roll academy for local Boys& Girls Club members.

  • Police: 3rd victim of Fla. garage collapse dies Thursday, 11 Oct 2012 | 10:58 AM ET

    MIAMI-- A third victim of a massive parking garage collapse at a Miami college died Thursday morning, just hours after rescuers pulled him from beneath piles of twisted steel and crumbled concrete, police said. Samuel Perez, 53, had been trapped in the collapse Wednesday at Miami Dade College.

  • Report: Kan. soybeans faring better than expected Thursday, 11 Oct 2012 | 10:57 AM ET

    The agency reported Thursday it expects Kansas growers to harvest 82.5 million bushels of soybeans. The estimate for corn production in Kansas of 382.2 million bushels remains unchanged from last month.

  • Drought holds steady, clouding winter crop outlook Thursday, 11 Oct 2012 | 10:56 AM ET

    The USDA now estimates that farmers will harvest 10.71 billion bushels of corn, down from last month's estimate of 10.73 billion bushels. The USDA said 69 percent of the nation's corn crop has been brought in from the fields as of Monday, more than double the average rate of the previous five years.

  • Brooklyn company recalls herring; listeria concern Thursday, 11 Oct 2012 | 10:55 AM ET

    ALBANY, N.Y.-- The New York State Department of Agriculture and Markets says a Brooklyn company is recalling herring fillets because they may be contaminated by listeria. The Four Seasons Dairy Inc., is recalling herring "Fillet Atlantic Recipe in Oil." The product, sold in the New York City area, was packaged in a 1- pound/500g, clear plastic tub with a white lid.

  • Utah foreclosure rate holds steady at No. 16 in US Thursday, 11 Oct 2012 | 10:54 AM ET

    SALT LAKE CITY-- Utah's September foreclosure rate remains the 16th highest in the nation for a second month. Data released Thursday by RealtyTrac Inc. shows that one in every 903 Utah housing units saw a foreclosure filing in September. Florida, California, Illinois, Arizona and Nevada had the highest foreclosure rates in the nation in August.

  • REFILE-BAE to meet with investors on 'plan B' Thursday, 11 Oct 2012 | 10:54 AM ET

    By Chris Vellacott and Sinead Cruise. LONDON, Oct 11- BAE Systems moved to patch up damaged relations with its investors on Thursday, promising imminent meetings to discuss its strategy after the failure of its attempted merger with EADS, shareholders told Reuters.

  • TEXT-S&P cuts IMS Health rating to 'B+' Thursday, 11 Oct 2012 | 10:54 AM ET

    --Health care information, services, and technology provider IMS Health Inc. is issuing an additional $1.25 billion of debt to fund a sponsor dividend of about $1.2 billion.

  • Much of odd weapons cache on plane was permissible Thursday, 11 Oct 2012 | 10:53 AM ET

    Yongda Huang Harris, 28, was taken into custody at Los Angeles International Airport last week during a stopover on a trip from Japan, when U.S. Customs and Border Protection officers noticed he was wearing the bulletproof vest under his trench coat, along with flame-retardant pants and knee pads.

  • BAE to meet with investors on 'plan B' Thursday, 11 Oct 2012 | 10:52 AM ET

    By Chris Vellacott and Sinead Cruise. LONDON, Oct 11- BAE Systems moved to patch up damaged relations with its investors on Thursday, promising imminent meetings to discuss its strategy after the failure of its attempted merger with EADS, shareholders told Reuters on Thursday.